Money fund banking system with multiple banks and/or rates

ABSTRACT

Abstract of the Disclosure 
      Providing interest to clients’ deposited funds without limitation on the number of demand withdrawals from deposit accounts is accomplished by an administration system that keeps all of the records for the clients’ deposits and withdrawals, calculates the total of the deposits and withdrawals for all clients, and uses the calculation to determine whether funds are deposited to or withdrawn from one or more deposit accounts in which all clients’ deposit funds are kept.  Clients can make unlimited withdrawals, such as by check, credit card, debit card, or electronic transfer, through the administrator.  By placing the administrator as the holder of the deposit account(s), exemptions to the limitation on earning interest in demand accounts is facilitated; additionally, dispersing the deposit account funds among multiple banks allows the client to obtain FDIC insurance for all of the deposited funds, which may amount to insurance in excess of the statutory maximum allowed (presently $100,000.00).

Detailed Description of the Invention

This application is a continuation-in-part of application serial no.09/176,340, filed 21 October 1998, the entirety of which disclosure isincorporated herein by reference.

Background of the Invention

1. Field of the Invention: This invention generally relates to the fieldof account transaction processing, and more specifically, an improvedsystem for processing and administering a demand account or money marketaccount in combination with an insured deposit account, and optionallywhere the accounts are distributed over a plurality of bankinginstitutions.

2. The State of the Art: The Federal Deposit Insurance Corporation(“FDIC”) is a federal governmental entity that provides insurance fordeposits in most banks and savings institutions in the United StatesBank deposits are insured by the FDIC’s Bank Insurance Fund (“BIF”) andsavings institutions’ deposits are insured by the FDIC’s SavingsAssociation Insurance Fund (“SAIF”). The rules governing insurance ofdeposits of institutions insured by the BIF and the SAIF are the same.The FDIC bases insurance coverage on the concept of ownership rights andcapacities:funds held in different ownership categories are insuredseparately from each other; and funds owned by the same entity but heldin different accounts are subsumed under the same insurance coverage.The amount of insurance coverage provided to depositors of eachinstitution insured by BIF and SAIF is the same:$100,000.00 to theowners(s) of the funds in the account(s), including principal andinterest.

As disclosed in our prior application serial no. 09/176,340 referencedabove, a system is provided for managing a plurality of demand accountsfor multiple clients whose funds are held at a banking institution in asingle insured deposit account. That system provides an entity with theability to deposit funds into a demand account from various sources, andto make payments from the demand account via different instruments,without the limitation as to the number of transfers, and still earninterest on the funds in the clients’ accounts because the funds areeffectively maintained in a deposit account. Even with theabove-mentioned innovative system, investors carrying amounts in excessof $100,000 in their accounts are disadvantaged because the FDICinsurance is limited to $100,000, so any amount over $100,000 is notprotected by FDIC insurance. It was with this realization that thepresent invention was made.

Objects and Summary of the Invention

One object of the present invention is to provide a system for managinga plurality of demand accounts for multiple clients whose funds are heldat a banking institution in a single insured deposit account.

Another object of the present invention to is provide a system formanaging a plurality of demand accounts for multiple clients whose fundsare held at one or more banking institutions in one or more singleinsured deposit accounts that, from the viewpoint of the investor,removes the $100,000 limitation of FDIC insurance for that individualinvestor.

Still a further object of the present invention is to provide a systemfor administering a plurality of accounts containing in excess of$100,000 and continue to qualify for FDIC insurance.

These and other objects are achieved by providing a system thatadministers individual client deposits to and withdrawals from each oftheir demand accounts. The system includes a database having eachclient’s information for each account administered. The system monitorsthe use of the funds from each account by selectively authorizing orrejecting each demand payment request for each account of a particularclient. Periodically, net transaction information is determined from thesum of the demand account deposits and withdrawals. The net transactioninformation is used to determine whether to deposit funds or to withdrawfunds from a single deposit account to a client’s demand account(s)while updating the database for each client’s deposit and authorizeddemand payment. The system then determines whether each client’s accountcontains more than a specified amount

(e.g., $90,000) and distributes any amounts over the specified amountinto another account at a preselected banking institution.

In practice, when an investor’s account balance exceeds $90,000 in anyone account, the excess funds are automatically moved to a seconddeposit account at at another preselected bank. The client will maintainone insured deposit clearance account while the multiple depositaccounts will be transparent to the investor. All transactions to andfrom the accounts will post to the investor’s insured deposit account,although they may be debited from multiple deposit accounts held atvarious banks. At the time an Insured Deposit Account is opened, theinvestor is given the option to choose a preferred bank, to chose a listof preferred banks in a desired (or random) order of preference, and toexclude one or more banks. The system will debit and credit the multipledeposit accounts on the investor’s behalf, and in the event that theinvestor does not preselect a bank, the system will automaticallydesignate a bank or banks. The client may also select the order ofpreference for deposits and withdrawals. For example, if the investoropened his Insured Deposit Account with $170,000, he could also indicatethat his assets should be invested in Bank A and Bank C. He may alsoindicate that bank C is preferred. In this example, $90,000 would bedeposited into Bank C and $80,000 into Bank A. If a check were writtenor the investor chose to redeem funds directly, the withdrawals would bemade from Bank A. Withdrawals would not be made from Bank C until allfunds had been redeemed from Bank A. Similarly, if the investor choseBank C as preferred and chose to exclude Bank B, then $90,000 would bedeposited into Bank C and $80,000 into Bank A. The investor also canchoose the deposit cap for each of multiple banks selected, or canspecify deposit caps for default banks chosen by the system (e.g., nobank to hold more than 40% of the inventor’s funds). Of course, theinvestor can also specify that all funds be held in a single bank, evenif the amount exceeds $100,000. The report the investor receives mayrefer to all of the assets and transactions in the investor’s InsuredClearance Account (a single account), or the investor may be shown areport listing all of the sub-accounts (if any) where the funds are heldand in which transactions occurred.

The choice of Banks is held on the investor’s account and the systemwill read the Bank indicator and determine which bank deposit accountshould be debited or credited. The system will automatically grouptogether all transactions for each bank. At the end of the business daythe deposit accounts at the various banks with be either debited orcredited. The debit or credit to the deposit account is the nettransaction for all activity that occurred that day.

As a result of the present invention the investor earns interest on thebalance in his Insured Deposit Account where the interest rate earnedcan be the same regardless of the bank(s) selected, or may varydepending on the banks selected, while continuing to qualify his accountfunds for FDIC insurance.

Brief Description of the Drawings

In the drawings, in which like references characters designate like orcorresponding parts throughout the several views, the view are:

FIG. 1A is a flowchart depicting processing steps the system follows atthe administrator’s end.

FIG. 1B is a flow chart depicting additional processing steps accordingto the present invention.

FIG. 2 is a flowchart depicting processing steps regarding thedetermination of a available funds according to the present invention.

FIG. 3 is a flow chart depicting processing steps associated with thecompletion of the banking system process according to the presentinvention.

Detailed Description of Specific Embodiments

The present invention will be described with reference to anadministrator, which can be a brokerage firm, a bank, or anotherfinancial entity with which clients can institute financial transactionssuch as deposits and demand payments. The administrator appears to eachclient as if it were, at least in part, a bank, by accepting depositsfor the client’s accounts and by authorizing (and then making) paymentsdemanded by the client from his or her account. The funds for all of theclients are pooled into a single deposit account that is maintained asan insured deposit account at a licensed banking institution.

Referring to FIG. 1A, the financial entity 100, which may be a bank, abrokerage or another entity where financial transactions take place orcan be facilitated, creates transaction files 101 which are transmittedto Reserve 105; Reserve (or the Reserve System) is the administrator orother entity in charge of administering at least one of the depositaccounts. New account files 102 can be transmitted to Reserve; a newinvestor account may need to be opened; a new account means organizingand coordinating information to service a new investor for the presentsystem, even though that investor may already be a client of a financialentity 100 for other investment vehicles. A new account 102 becomes partof an existing bank deposit account 129 that collects earned income 130which transfers the client’s income to the client’s accounts 131; ofcourse at some time the deposit account must be established withclients’ funds. The transaction files represent the addition of funds bycheck (such as drawn on another institution, or a different demandaccount from the same institution), wire or electronic transfer, ACH,credits (such as from a debit or credit card merchant), or a sweep fromone of the client’s other accounts. Accordingly, encompassed in thetransaction file are deposits 103 and withdrawals 104.A “sweep” includesthe automatic transfer of funds, such as the automated transfer ofinterest from one account into the client’s account, as well as theautomated transfer of funds out of the client’s account (such as forpayment of a securities trade); thus, a sweep may be from one of theclient’s accounts to another. The responsibility for maintaining thedeposit account can be assigned by the administrator to a third party.

Referring now to FIG. lB, the Reserve System 50 contains an insureddeposit database 75 where a position file for debit/credit card users iscreated 132 and transmitted to a bank for a debit/credit card network133 where the bank then updates the network 134. The system updates thedata base 75 and processes transactions 106 (from 105, FIG. 1A) andopens a new account 107 where application and check deposits areprocessed 110. The bank preference 107A is the list of banks and theorder of preference for deposits and withdrawals held on the account,including a list of banks to be excluded (if any), and the maximumpercentage and/or amount of funds to be held in each bank. The client’sbank preference data is added to the account at 107B. If the client doesnot select values for any of these variables, the system can providedefault values for the banks and their order at 107C sufficient for allof the client’s funds. When possible the system will not assign a bankthat is in the same state in which the client resides.

Referring to FIG. 2 it can be seen that when a deposit, either a checkdeposit 111, federal wire deposit 112, ACH deposit, sweep, or otherdeposit is credited to the client’s account 108, the system will reviewwhere the existing funds of the accounts are deposited 108A. If theclient’s balance has reached the maximum allowable balance for theexisting bank 108B, as shown in FIG. 3, the system will then select thenext bank on the preference list attached to the account 108C. If themaximum allowable balance has not been reached in the existing bank, thesystem will credit the additional funds to that bank 108D.

Still referring to FIG. 2, the procedure for processing withdrawals canbe seen. Various methods of withdrawing funds are debit withdrawal 109,processing debit or credit card transactions such as debit/credit cardfiles 115, direct debit accounts 215, and processing of files 121.Processing of a debit/credit card file 115 utilizes data accumulatedfrom debit/credit card transactions received from the banks 114. Theprocessing of file 121 procedure utilizes one of various sources of datasuch as a check presented for payment 116, ACH debits 117, touch tonebill paying 118, and/or internet bill paying 119.

After processing the debit procedure, the system will review the bankpreference list and select the appropriate bank to debit 125A. Thesystem will sort all the daily transactions by the bank 125B (see FIG.3).The activity for each bank will then be netted 126 and theappropriate deposit or withdrawals made.

The system will then determine whether funds are available 122, whichfunction is also associated with other participant withdrawals 120. Ifthe funds are available, the account is debited 225. If the funds arenot available, however, the system determines whether a credit line isavailable 123. If a credit line is available, then funds are advanced230 to cover the debit; if not the transaction is rejected 124.

Referring to FIG. 3, as previously stated the system determines whetherthe client’s balance reaches its maximum 108B and if so the next bank onthe list selected by the client is credited 108C. If the maximum is notreached the existing bank is credited 108D. Information and activitiesassociated with processed debits and credits of the client’s accountsfrom 125A are sorted by the bank 125B and the net activity by the bankis determined 126. The system then determines whether the deposits andcredits were greater than the withdrawals and debits 240 and if so, theexcess funds are deposited into a deposit account 127. If the debits andwithdrawals were greater than the credits the difference is redeemedfrom the deposit account 128.

Thus, by practicing this invention, the client is provided with FDICinsurance in excess of $100,000.00 because the client’s holdings aremaintained in multiple insured deposit accounts, which may be inmultiple banks.

The foregoing description is meant to be illustrative and not limiting.Various changes, modifications, and additions may become apparent to theskilled artisan upon a perusal of this specification, and as such aremeant to be within the scope and spirit of the invention as defined bythe Claims.

1. A method for managing a plurality of client demand accounts for oneor more clients, wherein said client demand account funds are held inone or more FDIC-insured and interest-bearing deposit accounts, whichare not NOW accounts, at one or more banking institutions, said methodcomprising: administering clients’ deposits and/or transfers to andwithdrawals and/or transfers from each of said client demand accounts;determining on a regular basis one or more net transactions as sums ofsaid deposits and/or transfers to and said withdrawals and/or transfersfrom said client demand accounts; causing funds to be deposited and/ortransferred to or withdrawn and/or transferred from said one or moreFDIC-insured and interest-bearing deposit accounts based on thedetermination of said one or more net transactions, so that FDICinsurance coverage greater than the maximum FDIC insurance coverageallowed for each depositor in a FDIC-insured banking institution iseffectively provided for each client, and wherein the manner of makingsaid withdrawals and/or transfers from at least one of said FDIC-insuredand interest-bearing deposit accounts preserves that account’sinterest-bearing status regardless of the number of said withdrawalsand/or transfers from said at least one of said FDIC-insured andinterest-bearing deposit accounts made during a month; and updating adatabase, maintained on one or more computers, comprising informationfor each client demand account with that client’s deposits and/ortransfers to and withdrawals and/or transfers from said each clientdemand account.
 2. The method of Claim 1, further comprising steps of:determining whether each client's funds held in a banking institutionare more than a specified amount; and distributing any amounts over saidspecified amount into at least one other FDIC-insured andinterest-bearing deposit account at at least one other bankinginstitution.
 3. The method of Claim 1, wherein clients' funds aredeposited and/or transferred into their client demand accounts by atleast one method selected from the group consisting of check or draft,wire or electronic transfer, ACH, third party credits, and a sweep fromanother account.
 4. The method of Claim 2, wherein said specified amountis more than said maximum FDIC insurance coverage minus a predeterminedamount but less than or equal to said maximum FDIC insurance coverage.5. The method of Claim 1, further comprising a step of determining aclient's preferences for the amount of funds to be held in each of saidFDIC-insured and interest-bearing deposit accounts.
 6. A computer systemfor managing a plurality of client demand accounts for one or moreclients, wherein said client demand account funds are held in one ormore FDIC-insured and interest-bearing deposit accounts, which are notNOW accounts, at one or more banking institutions, said systemcomprising: a database comprising information for each client demandaccount; and a computer programmed to perform the steps of administeringclients' deposits and/or transfers to and withdrawals and/or transfersfrom each of said client demand accounts; determining on a regular basisone or more net transactions as sums of said client deposits and/ortransfers to and withdrawals and/or transfers from said client demandaccounts; determining from said net transactions whether to depositand/or transfer funds to or withdraw and/or transfer funds from said oneor more FDIC-insured and interest-bearing deposit accounts, so that FDICinsurance coverage greater than the maximum FDIC insurance coverageallowed for each depositor in a FDIC-insured banking institution iseffectively provided for each client, and wherein the manner of makingtransfers and/or withdrawals from at least one of said FDIC-insured andinterest-bearing deposit accounts preserves that account'sinterest-bearing status regardless of the number of said transfersand/or withdrawals from said at least one of said FDIC-insured andinterest-bearing deposit accounts actually made during a month; andupdating the database with each client's deposits and/or transfers toand withdrawals and/or transfers from said each client demand account.7. The computer system of Claim 6, wherein the clients' withdrawalsand/or transfers from their demand accounts are by at least one methodselected from the group consisting of drafts or checks, credit card,debit card, sweeps, wire or electronic transfers, and combinationsthereof.
 8. The computer system of Claim 6, wherein the clients'deposits and/or transfers to their demand accounts are by at least onemethod selected from the group consisting of drafts or checks, sweeps,wire or electronic transfers, ACH credits, third party credits, andcombinations thereof.
 9. The computer system of Claim 6 furtherprogrammed for determining whether each client's funds at a bankinginstitution are more than a specified amount, and distributing anyamounts over said specified amount into at least one other FDIC-insuredand interest-bearing deposit account at at least one other bankinginstitution.
 10. The computer system of Claim 6 further programmed forauthorizing or rejecting payments requested from at least one client'sdemand account.
 11. The computer system of Claim 6 further programmedfor distributing interest earned on at least one of said FDIC-insuredand interest-bearing deposit accounts among the clients' demandaccounts.
 12. The computer system of Claim 6 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in the FDIC-insured and interest-bearing depositaccounts.
 13. The method of Claim 1 wherein net transactions aredetermined for the clients' demand accounts.
 14. The method of Claim 1wherein net transactions are determined for each banking institution.15. The method of Claim 1 wherein funds are deposited and/or transferredto or withdrawn and/or transferred from each banking institution so thateach client's funds at a banking institution do not exceed a specifiedamount.
 16. The method of Claim 1 further comprising a step ofauthorizing or rejecting payments requested from at least one client'sdemand account.
 17. The method of Claim 1 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in the FDIC-insured and interest-bearing depositaccounts and in said banking institutions.
 18. The method of Claim 1wherein clients' funds are withdrawn and/or transferred from theirclient demand accounts by at least one method selected from the groupconsisting of drafts or checks, credit card, debit card, sweeps, wire orelectronic transfers, ACH debits, and combinations thereof.
 19. Themethod of Claim 5 wherein funds are deposited and/or transferred to orwithdrawn and/or transferred from said FDIC-insured and interest-bearingdeposit accounts in dependence on the pre-determined client preferences.20. A method for managing a plurality of client demand accounts, thefunds for the client accounts being held in one or more insured andinterest-bearing deposit accounts, which are not NOW accounts, at one ormore banking institutions, said method comprising: administering clientdeposit, withdrawal, and transfer transactions against their clientdemand accounts by crediting or debiting client funds in the insured andinterest-bearing deposit accounts so that each client's funds held ineach banking institution do not exceed a specified amount; determiningon a regular basis one or more net transactions as sums of the creditedand debited transactions; on a regular basis, causing funds to bedeposited and/or transferred to or withdrawn and/or transferred from theinsured and interest-bearing deposit accounts at said bankinginstitutions in dependence on the pre-determined one or more nettransactions wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured and interest-bearing deposit accountspreserves that account's interest-bearing status regardless of thenumber of said transfers and/or withdrawals from said at least one ofsaid insured and interest-bearing deposit accounts made during a month;and updating a database, maintained on one or more computers, comprisingclient information for each client demand account with the receivedtransactions against the client demand accounts.
 21. The method of Claim20 further comprising a step of receiving client transactions againstthe client demand accounts.
 22. The method of Claim 20 wherein nettransactions are determined for client demand accounts.
 23. The methodof Claim 20 wherein net transactions are determined for each bankinginstitution.
 24. The method of Claim 20, further comprising steps of:determining whether each client's funds at a banking institution aremore than said specified amount; and distributing any amounts over saidspecified amount into at least one other insured and interest-bearingdeposit account at at least one other banking institution.
 25. Themethod of Claim 20 wherein said specified amount is more than themaximum FDIC insurance coverage allowed for each depositor in aFDIC-insured banking institution minus a predetermined amount but lessthan or equal to said maximum FDIC insurance coverage so that FDICinsurance greater than said maximum FDIC insurance coverage iseffectively provided for each client.
 26. The method of Claim 20,wherein clients' funds are deposited and/or transferred into said clientdemand accounts by at least one method selected from the groupconsisting of check or draft, wire or electronic transfer, ACH credit,third party credits, and a sweep from another account.
 27. The method ofClaim 20 wherein clients' funds are withdrawn and/or transferred fromthe client demand accounts by at least one method selected from thegroup consisting of drafts or checks, credit card, debit card, sweeps,wire or electronic transfers, ACH debits, and combinations thereof. 28.The method of Claim 20 wherein the insured and interest-bearing depositaccounts are selected for crediting client deposits and/or transfers toand debiting client withdrawals and/or transfers from said client demandaccounts in dependence on pre-determined client preferences.
 29. Acomputer system for managing a plurality of client demand accounts, thefunds for said client demand accounts being held in one or more insuredand interest-bearing deposit accounts, which are not NOW accounts, atone or more banking institutions, said system comprising: a databasecomprising information for each client demand account including theamount of each client's funds held in said insured and interest-bearingdeposit accounts, a computer programmed to perform the steps ofadministering client deposit, withdrawal, and transfer transactions bycrediting or debiting client funds in the insured and interest-bearingdeposit accounts so that each client's funds held in each bankinginstitution do not exceed a specified amount; determining on a regularbasis one or more net transactions as sums of the credited and debitedclient transactions; on a regular basis, causing funds to be depositedand/or transferred to or withdrawn and/or transferred from the insuredand interest-bearing deposit accounts at said banking institutions independence on the pre-determined one or more net transactions, whereinthe manner of making transfers and/or withdrawals from at least one ofsaid insured and interest-bearing deposit accounts preserves thataccount's interest-bearing status regardless of the number of saidtransfers and/or withdrawals from said at least one of said insured andinterest-bearing deposit account actually made during a month; andupdating a database comprising client information for each client demandaccount with the received transactions against the demand clientaccounts.
 30. The method of Claim 1 wherein one or more of the transfersand/or withdrawals from at least one of said FDIC-insured andinterest-bearing deposit accounts are requested in person.
 31. Themethod of Claim 1 wherein one or more of the transfers and/orwithdrawals from at least one of said FDIC-insured and interest-bearingdeposit accounts are requested by mail.
 32. The method of Claim 1wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested by messenger.
 33. The method of Claim 1 wherein one or more ofthe transfers and/or withdrawals from at least one of said FDIC-insuredand interest-bearing deposit accounts are requested by telephone anddistributed by mail.
 34. The method of Claim 1 wherein one or more ofthe transfers and/or withdrawals from at least one of said FDIC-insuredand interest-bearing deposit accounts are requested by automated tellermachine.
 35. The computer system of Claim 6 wherein one or more of thetransfers and/or withdrawals from at least one of said FDIC-insured andinterest-bearing deposit accounts are requested in person.
 36. Thecomputer system of Claim 6 wherein one or more of the transfers and/orwithdrawals from at least one of said FDIC-insured and interest-bearingdeposit accounts are requested by mail.
 37. The computer system of Claim6 wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested by messenger.
 38. The computer system of Claim 6 wherein oneor more of the transfers and/or withdrawals from at least one of saidFDIC-insured and interest-bearing deposit accounts are requested bytelephone and distributed by mail.
 39. The computer system of Claim 6wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested by automated teller machine.
 40. The method of Claim 20wherein one or more of the transfers and/or withdrawals from at leastone of said insured and interest-bearing deposit accounts are requestedin person.
 41. The method of Claim 20 wherein one or more of thetransfers and/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by mail.
 42. The methodof Claim 20 wherein one or more of the transfers and/or withdrawals fromat least one of said insured and interest-bearing deposit accounts arerequested by messenger.
 43. The method of Claim 20 wherein one or moreof the transfers and/or withdrawals from at least one of said insuredand interest-bearing deposit accounts are requested by telephone anddistributed by mail.
 44. The method of Claim 20 wherein one or more ofthe transfers and/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by automated tellermachine.
 45. The computer system of Claim 29 wherein one or more of thetransfers and/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested in person.
 46. Thecomputer system of Claim 29 wherein one or more of the transfers and/orwithdrawals from at least one of said insured and interest-bearingdeposit accounts are requested by mail.
 47. The computer system of Claim29 wherein one or more of the transfers and/or withdrawals from at leastone of said insured and interest-bearing deposit accounts are requestedby messenger.
 48. The computer system of Claim 29 wherein one or more ofthe transfers and/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by telephone anddistributed by mail.
 49. The computer system of Claim 29 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured and interest-bearing deposit accounts are requested by automatedteller machine.
 50. A method for managing a plurality of client demandaccounts for one or more clients, wherein the client demand accountfunds are held in one or more FDIC-insured and interest-bearing depositaccounts, which are not NOW accounts, at one or more bankinginstitutions, said method comprising: administering clients' depositsand/or transfers to and withdrawals and/or transfers from each of saidclient demand accounts; determining on a regular basis one or more nettransactions as sums of said deposits and/or transfers to andwithdrawals and/or transfers from said client demand accounts; causingfunds to be deposited and/or transferred to or withdrawn and/ortransferred from said one or more FDIC-insured and interest-bearingdeposit accounts based on the determination of the one or more nettransactions, so that FDIC insurance coverage greater than the maximumFDIC insurance coverage allowed for each depositor in a FDIC-insuredbanking institution is effectively provided for each client, and whereinmore than six (6) transfers and/or withdrawals are made during a monthfrom at least one of said FDIC-insured and interest-bearing depositaccounts; and updating a database, maintained on one or more computers,comprising information for each client demand account with said depositsand/or transfers to and said withdrawals and/or transfers from said eachclient demand account.
 51. The method of Claim 50, further comprisingsteps of: determining whether each client's funds held in a bankinginstitution are more than a specified amount; and distributing anyamounts over said specified amount into at least one other FDIC-insuredand interest-bearing deposit account at least one other bankinginstitution.
 52. The method of Claim 50, wherein clients' funds aredeposited and/or transferred to said client demand accounts by at leastone method selected from the group consisting of check or draft, wire orelectronic transfer, ACH credit, third party credits, and a sweep fromanother account.
 53. The method of Claim 51, wherein said specifiedamount is more than said maximum FDIC insurance coverage minus apredetermined amount but less than or equal to said maximum FDICinsurance coverage.
 54. The method of Claim 50, further comprising astep of determining a client's preferences for the amount of funds to beheld in each of said FDIC-insured and interest-bearing deposit accounts.55. The method of Claim 54 wherein funds are deposited and/ortransferred to or withdrawn and/or transferred from said FDIC-insuredand interest-bearing deposit accounts in dependence on thepre-determined client preferences.
 56. The method of Claim 50 whereinone or more net transactions are determined for said client demandaccounts.
 57. The method of Claim 50 wherein one or more nettransactions are determined for each banking institution.
 58. The methodof Claim 50 wherein funds are deposited and/or transferred to orwithdrawn and/or transferred from each banking institution so that eachclient's funds at a banking institution do not exceed a specifiedamount.
 59. The method of Claim 50 further comprising a step ofauthorizing or rejecting payments requested from at least one clientdemand account.
 60. The method of Claim 50 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in said FDIC-insured and interest-bearing depositaccounts in the banking institutions.
 61. The method of Claim 50 whereinclients' funds are withdrawn and/or transferred from said client demandaccounts by at least one method selected from the group consisting ofdrafts or checks, credit card, debit card, sweeps, wire or electronictransfers, ACH debits, and combinations thereof.
 62. The method of Claim50 wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested in person.
 63. The method of Claim 50 wherein one or more ofthe transfers and/or withdrawals from at least one of said FDIC-insuredand interest-bearing deposit accounts are requested by mail.
 64. Themethod of Claim 50 wherein one or more of the transfers and/orwithdrawals from at least one of said FDIC-insured and interest-bearingdeposit accounts are requested by messenger.
 65. The method of Claim 50wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested by telephone and distributed by mail.
 66. The method of Claim50 wherein one or more of the transfers and/or withdrawals from at leastone of said FDIC-insured and interest-bearing deposit accounts arerequested by automated teller machine.
 67. A computer system formanaging a plurality of client demand accounts for one or more clients,wherein the client demand account funds are held in one or moreFDIC-insured and interest-bearing deposit accounts, which are not NOWaccounts, at one or more banking institutions, said system comprising: adatabase comprising information for each client demand account; and acomputer programmed to perform the steps of administering clients'deposits and/or transfers to and withdrawals and/or transfers from eachof said client demand accounts; determining on a regular basis one ormore net transactions as sums of the said client deposits and/ortransfers to and withdrawals and/or transfers from their client demandaccounts; determining from the one or more net transactions whether todeposit and/or transfer funds to or withdraw and/or transfer funds fromsaid one or more FDIC-insured and interest-bearing deposit accounts, sothat FDIC insurance coverage greater than the maximum FDIC insurancecoverage allowed for each depositor in a FDIC-insured bankinginstitution is effectively provided for each client, and wherein morethan six (6) transfers and/or withdrawals are made during a month fromat least one of said FDIC-insured and interest-bearing deposit accounts;and updating said database with each client's said deposits and/ortransfers to and said withdrawals and/or transfers from said eachclient’s demand account.
 68. The computer system of Claim 67, whereinclients' funds are withdrawn and/or transferred from said client demandaccounts by at least one method selected from the group consisting ofdrafts or checks, credit card, debit card, sweeps, wire or electronictransfers, ACH debits, and combinations thereof.
 69. The computer systemof Claim 67, wherein clients' funds are deposited and/or transferredinto said client demand accounts by at least one method selected fromthe group consisting of check or draft, wire or electronic transfer, ACHcredit, third party credits, and a sweep from another account.
 70. Thecomputer system of Claim 67 further programmed for: determining whethereach client's funds in said FDIC-insured and interest-bearing depositaccounts at a banking institution are more than a specified amount, anddistributing any amounts over said specified amount into at least oneother FDIC-insured and interest-bearing deposit account at at least oneother banking institution.
 71. The computer system of Claim 67 furtherprogrammed for authorizing or rejecting payments requested from at leastone client's demand account.
 72. The computer system of Claim 67 furtherprogrammed for distributing interest earned on at least one of saidFDIC-insured and interest-bearing deposit accounts among said clientdemand accounts.
 73. The computer system of Claim 67 wherein saiddatabase comprises, for each client, information concerning the amountof that client's funds held in said FDIC-insured and interest-bearingdeposit accounts.
 74. The computer system of Claim 67 wherein one ormore of the transfers and/or withdrawals from at least one of saidFDIC-insured and interest-bearing deposit accounts are requested inperson.
 75. The computer system of Claim 67 wherein one or more of thetransfers and/or withdrawals from at least one of said FDIC-insured andinterest-bearing deposit accounts are requested by mail.
 76. Thecomputer system of Claim 67 wherein one or more of the transfers and/orwithdrawals from at least one of said FDIC-insured and interest-bearingdeposit accounts are requested by messenger.
 77. The computer system ofClaim 67 wherein one or more of the transfers and/or withdrawals from atleast one of said FDIC-insured and interest-bearing deposit accounts arerequested by telephone and distributed by mail.
 78. The computer systemof Claim 67 wherein one or more of the transfers and/or withdrawals fromat least one of said FDIC-insured and interest-bearing deposit accountsare requested by automated teller machine.
 79. A method for managing aplurality of client demand accounts, the funds for the client demandaccounts being held in one or more insured and interest-bearing depositaccounts, which are not NOW accounts, at one or more bankinginstitutions, said method comprising: administering client deposit,withdrawal, and transfer transactions against their client demandaccounts by crediting or debiting client funds in said insured andinterest-bearing deposit accounts so that each client's funds held ineach banking institution do not exceed a specified amount; determiningon a regular basis one or more net transactions as sums of the creditedand debited transactions; on a regular basis, causing funds to bedeposited and/or transferred to or withdrawn and/or transferred fromsaid insured and interest-bearing deposit accounts at said bankinginstitutions in dependence on the pre-determined one or more nettransactions, wherein more than six (6) transfers and/or withdrawals aremade during a month from at least one of said insured andinterest-bearing deposit accounts; and updating a database, maintainedon one or more computers, comprising client information for each clientdemand account with said transactions received against said clientdemand accounts.
 80. The method of Claim 79 further comprising a step ofreceiving client transactions against said client demand accounts. 81.The method of Claim 79 wherein one or more net transactions aredetermined for said client demand accounts.
 82. The method of Claim 79wherein one or more net transactions are determined for each of saidbanking institutions.
 83. The method of Claim 79, further comprisingsteps of: determining whether each client's funds at a bankinginstitution are more than a specified amount; and distributing anyamounts over said specified amount into at least one other insured andinterest-bearing deposit account at at least one other bankinginstitution.
 84. The method of Claim 79 wherein the specified amount ismore than the maximum FDIC insurance coverage allowed for each depositorin a FDIC-insured banking institution minus a predetermined amount butless than or equal to said maximum FDIC insurance coverage so that FDICinsurance coverage greater than said maximum FDIC insurance coverage iseffectively provided for each client.
 85. The method of Claim 79,wherein clients' funds are deposited and/or transferred into said clientdemand accounts by at least one method selected from the groupconsisting of check or draft, wire or electronic transfer, ACH credit,third party credits, and a sweep from another account.
 86. The method ofClaim 79 wherein clients' funds are withdrawn and/or transferred fromsaid client demand accounts by at least one method selected from thegroup consisting of drafts or checks, credit card, debit card, sweeps,wire or electronic transfers, ACH debits, and combinations thereof. 87.The method of Claim 79 wherein said insured and interest-bearing depositaccounts are selected for crediting client deposits and/or transfers tosaid client demand account and debiting client withdrawals and/ortransfers from said client demand account in dependence onpre-determined client preferences.
 88. The method of Claim 79 whereinone or more of the transfers and/or withdrawals from at least one ofsaid insured and interest-bearing deposit accounts are requested inperson.
 89. The method of Claim 79 wherein one or more of the transfersand/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by mail.
 90. The methodof Claim 79 wherein one or more of the transfers and/or withdrawals fromat least one of said insured and interest-bearing deposit accounts arerequested by messenger.
 91. The method of Claim 79 wherein one or moreof the transfers and/or withdrawals from at least one of said insuredand interest-bearing deposit accounts are requested by telephone anddistributed by mail.
 92. The method of Claim 79 wherein one or more ofthe transfers and/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by automated tellermachine.
 93. A computer system for managing a plurality of client demandaccounts, the funds for said client demand accounts being held in one ormore insured and interest-bearing deposit accounts, which are not NOWaccounts, at one or more banking institutions, said system comprising: adatabase comprising information for each client demand account includingthe amount of each client's funds held in said insured andinterest-bearing deposit accounts, a computer programmed to perform thesteps of administering client deposit, withdrawal, and transfertransactions by crediting or debiting client funds in said insured andinterest-bearing deposit accounts so that each client's funds held ineach banking institution do not exceed a specified amount; determiningon a regular basis one or more net transactions as sums of the creditedand debited transactions; on a regular basis, causing funds to bedeposited and/or transferred to or withdrawn and/or transferred fromsaid insured and interest-bearing deposit accounts at said bankinginstitutions in dependence on the pre-determined one or more nettransactions, wherein more than six (6) transfers and/or withdrawals aremade during a month from at least one of said insured andinterest-bearing deposit accounts; and updating said database comprisingclient information for each client demand account with said transactionsreceived against said client demand accounts.
 94. The computer system ofClaim 93 wherein one or more of the transfers and/or withdrawals from atleast one of said insured and interest-bearing deposit accounts arerequested in person.
 95. The computer system of Claim 93 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured and interest-bearing deposit accounts are requested by mail. 96.The computer system of Claim 93 wherein one or more of the transfersand/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by messenger.
 97. Thecomputer system of Claim 93 wherein one or more of the transfers and/orwithdrawals from at least one of said insured and interest-bearingdeposit accounts are requested by telephone and distributed by mail. 98.The computer system of Claim 93 wherein one or more of the transfersand/or withdrawals from at least one of said insured andinterest-bearing deposit accounts are requested by automated tellermachine.
 99. A method for managing a plurality of client demand accountsfor one or more clients, wherein the client demand account funds areheld in one or more insured money market deposit accounts, which are notNOW accounts, at one or more banking institutions, said methodcomprising: providing a database, maintained on one or more computers,comprising client information for each client demand account;administering clients' deposits and/or transfers to and withdrawalsand/or transfers from their client demand accounts; authorizing orrejecting the use of funds in a particular client's demand account foreach payment requested from that client's demand account; determining ona regular basis one or more net transactions aggregated across all ofsaid clients’ deposits and/or transfers to and withdrawals from theirdemand accounts; depositing and/or transferring funds to or withdrawingand/or transferring funds from said one or more insured money marketdeposit accounts based on said one or more net transactions, wherein themanner of making transfers and/or withdrawals from at least one of saidinsured money market deposit accounts preserves that account'sinterest-bearing status regardless of the number of said transfersand/or withdrawals from at least one of said insured money marketdeposit accounts made during a month; distributing interest paid on atleast one of said insured money market deposit accounts to said clientdemand accounts; and updating the database with each client's depositand authorized withdrawal.
 100. The method of Claim 99, wherein at leastone withdrawal or transfer from at least one client demand account ismade by a method selected from the group consisting of drafts or checks,credit card, debit card, sweeps, wire or electronic transfers, ACHdebits, and combinations thereof.
 101. The method of Claim 99, whereinat least one deposit or transfer into at least one client demand accountis made by a method selected from the group consisting of check ordraft, wire or electronic transfer, ACH credit, third party credits, anda sweep from one of the client's other accounts another account. 102.The method of Claim 99 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested in person.
 103. The method of Claim 99 whereinone or more of the transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts are requested by mail. 104.The method of Claim 99 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by messenger.
 105. The method of Claim 99 whereinone or more of the transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts are requested by telephoneand distributed by mail.
 106. The method of Claim 99 wherein one or moreof the transfers and/or withdrawals from at least one of said insuredmoney market deposit accounts are requested by automated teller machine.107. A system for managing a plurality of client demand accounts for oneor more clients, wherein the client demand account funds are held in oneor more insured money market deposit accounts, which are not NOWaccounts, at one or more banking institutions, said system comprising: adatabase comprising client information for each client demand account; adevice for administering clients' deposits and/or transfers to andwithdrawals and/or transfers from their client demand accounts; a devicefor authorizing or rejecting the use of funds in a particular client'sdemand account for each payment requested from that client's demandaccount; a device for determining on a regular basis one or more nettransactions aggregated across all of said clients’ deposits and/ortransfers to and withdrawals and/or transfers from their client demandaccounts; a comparison device for determining from said one or more nettransactions whether to deposit and/or transfer funds to or withdrawand/or transfer funds from said one or more insured money market depositaccounts; a device for processing deposits and/or transfers of saidfunds to or withdrawals and/or transfers of said funds from said one ormore insured money market deposit accounts based on said one or more nettransactions, wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured money market deposit accountspreserves that account's interest-bearing status regardless of thenumber of said transfers and/or withdrawals from at least one of saidinsured money market deposit accounts actually made during a month; adevice for distributing interest earned on at least one of said insuredmoney market deposit accounts to said client demand accounts; and adevice for updating said database with each client's deposits andauthorized payments.
 108. The system of Claim 107, wherein at least onewithdrawal or transfer from at least one client demand account is madeby a method selected from the group consisting of drafts or checks,credit card, debit card, sweeps, wire or electronic transfers, ACHdebits, and combinations thereof.
 109. The system of Claim 107, whereinat least one deposit or transfer into at least one client demand accountis made by a method selected from the group consisting of check ordraft, wire or electronic transfer, ACH credit, third party credits, anda sweep from one of the client's other accounts another account. 110.The system of Claim 107 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested in person.
 111. The system of Claim 107 whereinone or more of the transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts are requested by mail. 112.The system of Claim 107 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by messenger.
 113. The system of Claim 107wherein one or more of the transfers and/or withdrawals from at leastone of said insured money market deposit accounts are requested bytelephone and distributed by mail.
 114. The system of Claim 107 whereinone or more of the transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts are requested by automatedteller machine.
 115. A method for managing a plurality of clienttransaction accounts for one or more clients, wherein the clienttransaction account funds are held in one or more insuredinterest-bearing non-demand deposit accounts, which are not NOWaccounts, at one or more banking institutions, said method comprising:providing a database, maintained on one or more computers, comprisingclient information for each client transaction account; administeringclients' deposits and/or transfers to and withdrawals and/or transfersfrom their client transaction accounts; authorizing or rejecting the useof funds in a particular client's transaction account for each paymentrequested from that client's transaction account; determining on aregular basis one or more net transactions aggregated across all of saidclients’ deposits and/or transfers to and withdrawals and/or transfersfrom their client transaction accounts; depositing and/or transferringfunds to or withdrawing and/or transferring funds from said one or moreinsured interest-bearing non-demand deposit accounts based on said oneor more net transactions, wherein the manner of making transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts preserves that account's interest-bearingstatus regardless of the number of said transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts made during a month; distributing interest paid on at least oneof said insured interest-bearing non-demand deposit accounts to saidclient transaction accounts; and updating said database with eachclient's deposit and authorized payment.
 116. The method of Claim 115wherein one or more of the transfers and/or withdrawals from at leastone of said insured interest-bearing non-demand accounts are requestedin person.
 117. The method of Claim 115 wherein one or more of thetransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand accounts are requested by mail.
 118. Themethod of Claim 115 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand accounts are requested by messenger.
 119. The method of Claim115 wherein one or more of the transfers and/or withdrawals from atleast one of said insured interest-bearing non-demand accounts arerequested by telephone and distributed by mail.
 120. The method of Claim115 wherein one or more of the transfers and/or withdrawals from atleast one of said insured interest-bearing non-demand deposit accountsare requested by automated teller machine.
 121. The method of Claim 115,wherein at least one withdrawal or transfer from at least one clienttransaction account is made by a draft or check.
 122. The method ofClaim 115, wherein at least one withdrawal or transfer from at least oneclient transaction account is made by credit or debit card.
 123. Themethod of Claim 115, wherein at least one withdrawal or transfer from atleast one client transaction account is made by an ACH debit or credit.124. The method of Claim 115, wherein at least one withdrawal ortransfer from at least one client transaction account is made by asweep.
 125. The method of Claim 115, wherein at least one withdrawal ortransfer from at least one client transaction account is made by a wireor electronic transfer.
 126. The method of Claim 115, wherein at leastone deposit or transfer to at least one client transaction account ismade by a draft or check.
 127. The method of Claim 115, wherein at leastone deposit or transfer to at least one client transaction account ismade by sweep or by third party credit.
 128. The method of Claim 115,wherein at least one deposit or transfer to at least one clienttransaction account is made by wire or electronic or ACH transfer. 129.A system for managing a plurality of client transaction accounts for oneor more clients, wherein the client transaction funds are held in one ormore insured interest-bearing non-demand deposit accounts, which are notNOW accounts, at one or more banking institutions, the systemcomprising: a database comprising client information for each clienttransaction account; a device for administering clients' deposits and/ortransfers to and withdrawals and/or transfers from their clienttransaction accounts; a device for authorizing or rejecting the use offunds in a particular client's transaction account for each paymentrequested from that client's transaction account; a device fordetermining on a regular basis one or more net transactions aggregatedacross all of said clients’ deposits and/or transfers to and withdrawalsand/or transfers from their client transaction accounts; a comparisondevice for determining from the one or more net transactions whether todeposit and/or transfer funds to or withdraw and/or transfer funds fromsaid one or more insured interest-bearing non-demand deposit accounts; adevice for processing deposits and/or transfers of said funds to orwithdrawals and/or transfers of said funds from said one or more insuredinterest-bearing non-demand deposit accounts based on said one or morenet transactions, wherein the manner of making transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts preserves that account's interest-bearingstatus regardless of the number of said transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts actually made during a month; a device for distributinginterest earned on at least one of saidinsured interest-bearingnon-demand deposit accounts to said clients' transaction accounts; and adevice for updating said database with each client's deposits andauthorized payments.
 130. The system of Claim 129 wherein one or more ofthe transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested in person.131. The system of Claim 129 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by mail.
 132. The system ofClaim 129 wherein one or more of the transfers and/or withdrawals fromat least one of said interest-bearing non-demand deposit accounts arerequested by messenger.
 133. The system of Claim 129 wherein one or moreof the transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested by telephoneand distributed by mail.
 134. The system of Claim 129 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested byautomated teller machine.
 135. The system of Claim 129, wherein at leastone withdrawal or transfer from at least one client transaction accountis made by a draft or check.
 136. The system of Claim 129, wherein atleast one withdrawal or transfer from at least one client transactionaccount is made by credit or debit card.
 137. The system of Claim 129,wherein at least one withdrawal or transfer from at least one clienttransaction account is made by an ACH debit or credit.
 138. The systemof Claim 129, wherein at least one withdrawal or transfer from at leastone client transaction account is made by a sweep.
 139. The system ofClaim 129, wherein at least one withdrawal or transfer from at least oneclient transaction account is made by a wire or electronic transfer.140. The system of Claim 129, wherein at least one deposit or transferto at least one client transaction account is made by a draft or check.141. The system of Claim 129, wherein at least one deposit or transferto at least one client transaction account is made by sweep or by thirdparty credit.
 142. The system of Claim 129, wherein at least one depositor transfer to at least one client transaction account is made by wireor electronic or ACH transfer.
 143. A method for managing a plurality ofclient demand accounts for one or more clients, wherein the clientdemand account funds are held in one or more insured money marketdeposit accounts, which are not NOW accounts, at one or more bankinginstitutions, the method comprising: providing a database, maintained onone or more computers, comprising client information for each clientdemand account; administering clients' deposits and/or transfers to andwithdrawals and/or transfers from their client demand accounts;authorizing or rejecting the use of funds in a particular client'sdemand account for each payment requested from that client's demandaccount; determining on a regular periodic basis one or more nettransactions aggregated across all of said clients’ deposits and/ortransfers to and withdrawals and/or transfers from their client demandaccounts; depositing and/or transferring funds to or withdrawing and/ortransferring funds from said one or more insured money market depositaccounts based on said one or more net transactions, wherein more thansix (6) transfers and/or withdrawals are made during a month from atleast one of said insured money market deposit accounts; distributinginterest paid on at least one of said insured money market depositaccounts to said clients' demand accounts; and updating said databasewith each client's deposit and authorized payment.
 144. The method ofClaim 143, wherein at least one withdrawal or transfer from at least oneclient demand account is made by a method selected from the groupconsisting of drafts or checks, credit card, debit card, sweeps, wire orelectronic transfers, ACH debits, and combinations thereof.
 145. Themethod of Claim 143, wherein at least one deposit or transfer into atleast one client demand account is made by a method selected from thegroup consisting of check or draft, wire or electronic transfer, ACHcredit, third party credits, and a sweep from one of the client's otheraccounts another account.
 146. The method of Claim 143 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested in person.
 147. Themethod of Claim 143 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by mail.
 148. The method of Claim 143 wherein oneor more of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested by messenger. 149.The method of Claim 143 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by telephone and distributed by mail.
 150. Themethod of Claim 143 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by automated teller machine.
 151. A system formanaging a plurality of client demand accounts for one or more clients,wherein the client demand account funds are held in one or more insuredmoney market deposit accounts, which are not NOW accounts, at one ormore banking institutions, the system comprising: a database comprisingclient information for each client demand account; a device foradministering clients' deposits and/or transfers to and withdrawalsand/or transfers from their client demand accounts; a device forauthorizing or rejecting the use of funds in a particular client'sdemand account for each payment requested from that client's demandaccount; a device for determining on a regular basis one or more nettransactions aggregated across all of said clients’ deposits and/ortransfers to and withdrawals and/or transfers from their client demandaccounts; a comparison device for determining from said one or more nettransactions whether to deposit and/or transfer funds to or withdrawand/or transfer funds from said one or more insured money market depositaccounts; a device for processing deposits and/or transfers of saidfunds to or withdrawals and/or transfers of said funds from said one ormore insured money market deposit accounts based on said one or more nettransactions, wherein more than six (6) transfers and/or withdrawals aremade during a month from at least one of said insured money marketdeposit accounts; a device for distributing interest earned on at leastone of said insured money market deposit accounts to said clients'demand accounts; and a device for updating said database with eachclient's deposits and authorized payments.
 152. The system of Claim 151,wherein at least one withdrawal or transfer from at least one clientdemand account is made by a method selected from the group consisting ofdrafts or checks, credit card, debit card, sweeps, wire or electronictransfers, ACH debits, and combinations thereof.
 153. The system ofClaim 151, wherein at least one deposit or transfer into at least oneclient demand account is made by a method selected from the groupconsisting of check or draft, wire or electronic transfer, ACH credit,third party credits, and a sweep from one of the client's other accountsanother account.
 154. The system of Claim 151 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested in person.
 155. The system ofClaim 151 wherein one or more of the transfers and/or withdrawals fromat least one of said insured money market deposit accounts are requestedby mail.
 156. The system of Claim 151 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested by messenger.
 157. The system ofClaim 151 wherein one or more of the transfers and/or withdrawals fromat least one of said insured money market deposit accounts are requestedby telephone and distributed by mail.
 158. The system of Claim 151wherein one or more of the transfers and/or withdrawals from at leastone of said insured money market deposit accounts are requested byautomated teller machine.
 159. A method for managing a plurality ofclient transaction accounts for one or more clients, wherein the clienttransaction account funds are held in one or more insuredinterest-bearing non-demand deposit accounts, which are not NOWaccounts, at one or more banking institutions, the method comprising:providing a database, maintained on one or more computers, comprisingclient information for each client transaction account; administeringclients' deposits and/or transfers to and withdrawals and/or transfersfrom their client transaction accounts; authorizing or rejecting the useof funds in a particular client's transaction account for each paymentrequested from that client's transaction account; determining on aregular basis one or more net transactions aggregated across all of saidclients’ deposits and/or transfers to and withdrawals and/or transfersfrom their client transaction accounts; depositing and/or transferringfunds to or withdrawing and/or transferring funds from said one or moreinsured interest-bearing non-demand deposit accounts based on said oneor more net transactions, wherein more than six (6) transfers and/orwithdrawals are made during a month from at least one of said insuredinterest-bearing non-demand deposit accounts; distributing interest paidon at least one of said insured interest-bearing non-demand depositaccounts to said clients' transaction accounts; and updating saiddatabase with each client's deposit and authorized payment.
 160. Themethod of Claim 159 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand accounts are requested in person.
 161. The method of Claim159 wherein one or more of the transfers and/or withdrawals from atleast one of said insured interest-bearing non-demand accounts arerequested by mail.
 162. The method of Claim 159 wherein one or more ofthe transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand accounts are requested by messenger. 163.The method of Claim 159 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand accounts are requested by telephone and distributed by mail.164. The method of Claim 159 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by automated teller machine.165. The method of Claim 159 wherein at least one withdrawal or transferfrom at least one client transaction account is made by a draft orcheck.
 166. The method of Claim 159 wherein at least one withdrawal ortransfer from at least one client transaction account is made by creditor debit card.
 167. The method of Claim 159 wherein at least onewithdrawal or transfer from at least one client transaction account ismade by an ACH debit or credit.
 168. The method of Claim 159 wherein atleast one withdrawal or transfer from at least one client transactionaccount is made by a sweep.
 169. The method of Claim 159 wherein atleast one withdrawal or transfer from at least one client transactionaccount is made by wire or electronic transfer.
 170. The method of Claim159 wherein at least one deposit or transfer to at least one clienttransaction account is made by a draft or check.
 171. The method ofClaim 159 wherein at least one deposit or transfer to at least oneclient transaction account is made by sweep or by third party credit.172. The method of Claim 159 wherein at least one deposit or transfer toat least one client transaction account is made by wire or electronic orACH transfer.
 173. A system for managing a plurality of clienttransaction accounts for one or more clients, wherein the clienttransaction account funds are held in one or more insuredinterest-bearing non-demand deposit accounts, which are not NOWaccounts, at one or more banking institutions, the system comprising: adatabase comprising client information for each client transactionaccount; a device for administering clients' deposits and/or transfersto and withdrawals and/or transfers from their client transactionaccounts; a device for authorizing or rejecting the use of funds in aparticular client transaction account for each payment requested fromthat client's transaction account; a device for determining on a regularbasis one or more net transactions aggregated across all of saidclients’ deposits and/or transfers to and withdrawals and/or transfersfrom their client transaction accounts; a comparison device fordetermining from the one or more net transactions whether to depositand/or transfer funds to or withdraw and/or transfer funds from said oneor more insured interest-bearing non-demand deposit accounts; a devicefor processing deposits and/or transfers of said funds to or withdrawalsand/or transfers of said funds from said one or more insuredinterest-bearing non-demand deposit accounts based on said one or morenet transactions, wherein more than six (6) transfers and/or withdrawalsare made during a month from at least one of said insuredinterest-bearing non-demand deposit accounts; a device for distributinginterest earned on at least one of saidinsured interest-bearingnon-demand deposit accounts to said clients' transaction accounts; and adevice for updating said database with each client's deposits andauthorized payments.
 174. The system of Claim 173 wherein one or more ofthe transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested in person.175. The system of Claim 173 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by mail.
 176. The system ofClaim 173 wherein one or more of the transfers and/or withdrawals fromat least one of said interest-bearing non-demand deposit accounts arerequested by messenger.
 177. The system of Claim 173 wherein one or moreof the transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested by telephoneand distributed by mail.
 178. The system of Claim 173 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested byautomated teller machine.
 179. The system of Claim 173, wherein at leastone withdrawal or transfer from at least one client transaction accountis made by a draft or check.
 180. The system of Claim 173, wherein atleast one withdrawal or transfer from at least one client transactionaccount is made by credit or debit card.
 181. The system of Claim 173,wherein at least one withdrawal or transfer from at least one clienttransaction account is made by an ACH debit or credit.
 182. The systemof Claim 173, wherein at least one withdrawal or transfer from at leastone client transaction account is made by a sweep.
 183. The system ofClaim 173, wherein at least one withdrawal or transfer from at least oneclient transaction account is made by wire or electronic transfer. 184.The system of Claim 173, wherein at least one deposit or transfer to atleast one client transaction account is made by a draft or check. 185.The system of Claim 173, wherein at least one deposit or transfer to atleast one client transaction account is made by a sweep or by thirdparty credit.
 186. The system of Claim 173, wherein at least one depositor transfer to at least one client transaction account is made by wireor electronic or ACH transfer.
 187. The method of Claim 20 furthercomprising a step of updating said database comprising information foreach client demand account with the clients' deposits, withdrawals, andtransfers, and with the amount of that client's funds held in said oneor more insured and interest-bearing deposit accounts and in said one ormore banking institutions.
 188. The method of Claim 20 furthercomprising a step of authorizing or rejecting payments requested from atleast one client's demand account.
 189. The method of Claim 20 furthercomprising a step for distributing interest earned on at least one ofsaid insured and interest-bearing deposit accounts among said clientdemand accounts.
 190. The method of Claim 79 further comprising a stepof updating said database comprising information for each client demandaccount with the clients' deposits, withdrawals, and transfers, and withthe amount of that client's funds held in said one or more insured andinterest-bearing deposit accounts and in said one or more bankinginstitutions.
 191. The method of Claim 79 further comprising a step ofauthorizing or rejecting payments requested from at least one client'sdemand account.
 192. The method of Claim 79 further comprising a stepfor distributing interest earned on at least one of said insured andinterest-bearing deposit accounts among said client demand accounts.193. The method of Claim 1 wherein the manner of making transfers and/orwithdrawals from at least one of said FDIC-insured and interest-bearingdeposit accounts satisfies requirements of federal statute andregulation for preserving the interest-bearing status of depositaccounts other than NOW accounts.
 194. The system of Claim 6 wherein themanner of making transfers and/or withdrawals from at least one of saidFDIC-insured and interest-bearing deposit accounts satisfiesrequirements of federal statute and regulation for preserving theinterest-bearing status of deposit accounts other than NOW accounts.195. The method of Claim 20 wherein the manner of making transfersand/or withdrawals from at least one of said insured andinterest-bearing deposit accounts satisfies requirements of federalstatute and regulation for preserving the interest-bearing status ofdeposit accounts other than NOW accounts.
 196. The system of Claim 29wherein the manner of making transfers and/or withdrawals from at leastone of said insured and interest-bearing deposit accounts satisfiesrequirements of federal statute and regulation for preserving theinterest-bearing status of deposit accounts other than NOW accounts.197. The method of Claim 99 wherein the manner of making transfersand/or withdrawals from at least one of said insured money marketdeposit accounts satisfies requirements of federal statute andregulation for preserving the interest-bearing status of depositaccounts other than NOW accounts.
 198. The system of Claim 107 whereinthe manner of making transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 199. The method ofClaim 115 wherein the manner of making transfers and/or withdrawals fromat least one of said insured interest-bearing non-demand depositaccounts satisfies requirements of federal statute and regulation forpreserving the interest-bearing status of deposit accounts other thanNOW accounts.
 200. The system of Claim 129 wherein the manner of makingtransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 201. A method formanaging a plurality of client demand accounts for one or more clients,wherein the client demand account funds are held in one or more insuredinterest-bearing non-demand deposit accounts, which are not NOWaccounts, at one or more banking institutions, said method comprising:administering clients' deposits and/or transfers to and withdrawalsand/or transfers from each of said client demand accounts; determiningon a regular basis one or more net transactions as sums of aggregatedclient deposits and/or transfers to and aggregated client withdrawalsand/or transfers from said client demand accounts; causing funds to bedeposited and/or transferred to or withdrawn and/or transferred fromsaid one or more insured interest-bearing non-demand deposit accountsbased on the determination of the one or more net transactions, andwherein the manner of making transfers and/or withdrawals from at leastone of said insured interest-bearing non-demand deposit accountspreserves that account's interest-bearing status regardless of thenumber of said transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts made during amonth; and updating a database, maintained on one or more computers,comprising information for each client demand account with that client'sdeposits and/or transfers to and withdrawals and/or transfers from saideach client demand account.
 202. The method of Claim 201, furthercomprising steps of: determining whether each client's funds held in abanking institution are more than a specified amount; and distributingany amounts over said specified amount into at least one other insuredinterest-bearing non-demand deposit account at at least one otherbanking institution, so that FDIC insurance coverage greater than themaximum FDIC insurance coverage allowed for each depositor in aFDIC-insured banking institution is effectively provided for eachclient.
 203. The method of Claim 201 further comprising a step ofdistributing interest earned on at least one of said insuredinterest-bearing non-demand deposit accounts among said client demandaccounts.
 204. The method of Claim 201 wherein at least one nettransaction is determined for each of one or more banking institutions.205. The method of Claim 201, wherein clients' funds are depositedand/or transferred into said client demand accounts by at least onemethod selected from the group consisting of check or draft, wire orelectronic transfer, ACH credit, third party credits, and a sweep fromanother account.
 206. The method of Claim 201 wherein clients' funds arewithdrawn and/or transferred from said client demand accounts by atleast one method selected from the group consisting of drafts or checks,credit card, debit card, sweeps, wire or electronic transfers, ACHdebits, and combinations thereof.
 207. The method of Claim 201, furthercomprising a step of determining a client's preferences for the amountof funds to be held in each of said insured interest-bearing non-demanddeposit accounts, wherein funds are deposited and/or transferred to orwithdrawn and/or transferred from said insured interest-bearingnon-demand deposit accounts in dependence on the pre-determined clientpreferences.
 208. The method of Claim 201 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in said insured interest-bearing non-demand depositaccounts and in said banking institutions.
 209. The method of Claim 201wherein one or more of the transfers and/or withdrawals from at leastone of said insured interest-bearing non-demand deposit accounts arerequested in person.
 210. The method of Claim 201 wherein one or more ofthe transfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested by mail. 211.The method of Claim 201 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by messenger.
 212. The methodof Claim 201 wherein one or more of the transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts are requested by telephone and distributed by mail.
 213. Themethod of Claim 201 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by automated teller machine.214. A method for managing a plurality of client demand accounts for oneor more clients, wherein the client demand account funds are held in oneor more insured interest-bearing non-demand deposit accounts, which arenot NOW accounts, at one or more banking institutions, said methodcomprising: administering clients' deposits and/or transfers to andwithdrawals and/or transfers from each of the client demand accounts;determining on a regular basis one or more net transactions as sums ofaggregated client deposits and/or transfers to and aggregated clientwithdrawals and/or transfers from said client demand accounts; causingfunds to be deposited and/or transferred to or withdrawn and/ortransferred from said one or more insured interest-bearing non-demanddeposit accounts based on the determination of the one or more nettransactions, and wherein more than six (6) transfers and/or withdrawalsare made during a month from at least one of said insuredinterest-bearing non-demand deposit accounts; and updating a database,maintained on one or more computers, comprising information for eachclient demand account with that client's deposits and/or transfers toand withdrawals and/or transfers from said each client demand account.215. The method of Claim 214, further comprising steps of: determiningwhether each client's funds held in a banking institution are more thana specified amount; and distributing any amounts over said specifiedamount into at least one other insured interest-bearing non-demanddeposit account at at least one other banking institution, so that FDICinsurance coverage greater than the maximum FDIC insurance coverageallowed for each depositor in a FDIC-insured banking institution iseffectively provided for each client.
 216. The method of Claim 214further comprising a step of distributing interest earned on at leastone of said insured interest-bearing non-demand deposit accounts amongsaid client demand accounts.
 217. The method of Claim 214 wherein atleast one net transaction is determined for each of said one or morebanking institutions.
 218. The method of Claim 214, wherein clients'funds are deposited and/or transferred into said client demand accountsby at least one method selected from the group consisting of check ordraft, wire or electronic transfer, ACH credit, third party credits, anda sweep from another account.
 219. The method of Claim 214 whereinclients' funds are withdrawn and/or transferred from the client demandaccounts by at least one method selected from the group consisting ofdrafts or checks, credit card, debit card, sweeps, wire or electronictransfers, ACH debits, and combinations thereof.
 220. The method ofClaim 214, further comprising a step of determining a client'spreferences for the amount of funds to be held in each of said insuredinterest-bearing non-demand deposit accounts, wherein funds aredeposited and/or transferred to or withdrawn and/or transferred fromsaid insured interest-bearing non-demand deposit accounts in dependenceon the pre-determined client preferences.
 221. The method of Claim 214wherein said database comprises, for each client, information concerningthe amount of that client's funds held in said insured interest-bearingnon-demand deposit accounts in said banking institutions.
 222. Themethod of Claim 214 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested in person.
 223. The method ofClaim 214 wherein one or more of the transfers and/or withdrawals fromat least one of said insured interest-bearing non-demand depositaccounts are requested by mail.
 224. The method of Claim 214 wherein oneor more of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested bymessenger.
 225. The method of Claim 214 wherein one or more of thetransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested by telephoneand distributed by mail.
 226. The method of Claim 214 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested byautomated teller machine.
 227. A computer system for managing aplurality of client demand accounts for one or more clients, wherein theclient demand account funds are held in one or more insuredinterest-bearing non-demand deposit accounts, which are not NOWaccounts, at one or more banking institutions, said computer systemcomprising: a database comprising information for each client demandaccount; and a computer programmed to perform the steps of administeringclients' deposits and/or transfers to and withdrawals and/or transfersfrom each of the client demand accounts; determining on a regular basisone or more net transactions as sums of the aggregated client depositsand/or transfers to and aggregated client withdrawals and/or transfersfrom their client demand accounts; determining from the net transactionswhether to deposit and/or transfer funds to or withdraw and/or transferfunds from said one or more insured interest-bearing non-demand depositaccounts, and wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts preserves that account's interest-bearing status regardless ofthe number of said transfers and/or withdrawals from at least one ofsaid insured interest-bearing non-demand deposit accounts actually madeduring a month; and updating said database with each client's depositsand/or transfers to and withdrawals and/or transfers from said eachclient’s demand account.
 228. The system of Claim 227, furtherprogrammed for: determining whether each client's funds held in abanking institution are more than a specified amount; and distributingany amounts over said specified amount into at least one other insuredinterest-bearing non-demand deposit account at at least one otherbanking institution, so that FDIC insurance coverage greater than themaximum FDIC insurance coverage allowed for each depositor in aFDIC-insured banking institution is effectively provided for eachclient.
 229. The system of Claim 227 further programmed for distributinginterest earned on at least one of said insured interest-bearingnon-demand deposit accounts among said client demand accounts.
 230. Thesystem of Claim 227 wherein at least one net transaction is determinedfor each of said one or more banking institutions.
 231. The system ofClaim 227, wherein clients' funds are deposited and/or transferred intosaid client demand accounts by at least one method selected from thegroup consisting of check or draft, wire or electronic transfer, ACHcredit, third party credits, and a sweep from another account.
 232. Thesystem of Claim 227 wherein clients' funds are withdrawn and/ortransferred from said client demand accounts by at least one methodselected from the group consisting of drafts or checks, credit card,debit card, sweeps, wire or electronic transfers, ACH debits, andcombinations thereof.
 233. The system of Claim 227, further programmedfor determining a client's preferences for the amount of funds to beheld in each of said insured interest-bearing non-demand depositaccounts, and wherein funds are deposited and/or transferred to orwithdrawn and/or transferred from said insured interest-bearingnon-demand deposit accounts in dependence on the pre-determined clientpreferences.
 234. The system of Claim 227 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in said insured interest-bearing non-demand depositaccounts and the in said banking institutions.
 235. The system of Claim227 wherein one or more of the transfers and/or withdrawals from atleast one of said insured interest-bearing non-demand deposit accountsare requested in person.
 236. The system of Claim 227 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested bymail.
 237. The system of Claim 227 wherein one or more of the transfersand/or withdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by messenger.
 238. The systemof Claim 227 wherein one or more of the transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts are requested by telephone and distributed by mail.
 239. Thesystem of Claim 227 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested by automated teller machine.240. A computer system for managing a plurality of client demandaccounts for one or more clients, wherein the client demand accountfunds are held in one or more insured interest-bearing non-demanddeposit accounts, which are not NOW accounts, at one or more bankinginstitutions, said system comprising: a database comprising informationfor each client demand account; and a computer programmed to perform thesteps of administering clients' deposits and/or transfers to andwithdrawals and/or transfers from each of said client demand accounts;determining on a regular basis one or more net transactions as sums ofthe aggregated client deposits and/or transfers to and aggregated clientwithdrawals and/or transfers from their client demand accounts;determining from the net transactions whether to deposit and/or transferfunds to or withdraw and/or transfer funds from said one or more insuredinterest-bearing non-demand deposit accounts, and wherein more than six(6) transfers and/or withdrawals are made during a month from at leastone of said insured interest-bearing non-demand deposit accounts; andupdating said database with each client's deposits and/or transfers toand withdrawals and/or transfers from said each client’s demand account.241. The system of Claim 240, further programmed for: determiningwhether each client's funds held in a banking institution are more thana specified amount; and distributing any amounts over said specifiedamount into at least one other insured interest-bearing non-demanddeposit account at at least one other banking institution, so that FDICinsurance coverage greater than the maximum FDIC insurance coverageallowed for each depositor in a FDIC-insured banking institution iseffectively provided for each client.
 242. The system of Claim 240further programmed for distributing interest earned on at least one ofsaid insured interest-bearing non-demand deposit accounts among saidclient demand accounts.
 243. The system of Claim 240 wherein at leastone net transaction is determined for each of said one or more bankinginstitutions.
 244. The system of Claim 240, wherein clients' funds aredeposited and/or transferred into said client demand accounts by atleast one method selected from the group consisting of check or draft,wire or electronic transfer, ACH credit, third party credits, and asweep from another account.
 245. The system of Claim 240 whereinclients' funds are withdrawn and/or transferred from said client demandaccounts by at least one method selected from the group consisting ofdrafts or checks, credit card, debit card, sweeps, wire or electronictransfers, ACH debits, and combinations thereof.
 246. The system ofClaim 240, further programmed for determining a client's preferences forthe amount of funds to be held in each of said insured interest-bearingnon-demand deposit accounts, and wherein funds are deposited and/ortransferred to or withdrawn and/or transferred from said insuredinterest-bearing non-demand deposit accounts in dependence on thepre-determined client preferences.
 247. The system of Claim 240 whereinsaid database comprises, for each client, information concerning theamount of that client's funds held in the insured interest-bearingnon-demand deposit accounts and the in said banking institutions. 248.The system of Claim 240 wherein one or more of the transfers and/orwithdrawals from at least one of said insured interest-bearingnon-demand deposit accounts are requested in person.
 249. The system ofClaim 240 wherein one or more of the transfers and/or withdrawals fromat least one of said insured interest-bearing non-demand depositaccounts are requested by mail.
 250. The system of Claim 240 wherein oneor more of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested bymessenger.
 251. The system of Claim 240 wherein one or more of thetransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts are requested by telephoneand distributed by mail.
 252. The system of Claim 240 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured interest-bearing non-demand deposit accounts are requested byautomated teller machine.
 253. A method for managing a plurality ofclient transaction accounts for one or more clients, wherein the clienttransaction account funds are held in one or more insured money marketdeposit accounts, which are not NOW accounts, at one or more bankinginstitutions, said method comprising: administering clients' depositsand/or transfers to and withdrawals and/or transfers from each of theclient transaction accounts; determining on a regular basis one or morenet transactions as sums of aggregated client deposits and/or transfersto and aggregated client withdrawals and/or transfers from said clienttransaction accounts; causing funds to be deposited and/or transferredto or withdrawn and/or transferred from said one or more insured moneymarket deposit accounts based on the determination of the one or morenet transactions, and wherein the manner of making transfers and/orwithdrawals from at least one of said insured money market depositaccounts preserves that account's interest-bearing status regardless ofthe number of said transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts made during a month; andupdating a database, maintained on one or more computers, comprisinginformation for each client transaction account with that client'sdeposits and/or transfers to and withdrawals and/or transfers from saideach client transaction account.
 254. The method of Claim 253, furthercomprising steps of: determining whether each client's funds held in abanking institution are more than a specified amount; and distributingany amounts over said specified amount into at least one other insuredmoney market deposit account at at least one other banking institution,so that FDIC insurance coverage greater than the maximum FDIC insurancecoverage allowed for each depositor in a FDIC-insured bankinginstitution is effectively provided for each client.
 255. The method ofClaim 253 further comprising a step of distributing interest earned onat least one of said insured money market deposit accounts among saidclients' transaction accounts.
 256. The method of Claim 253 wherein atleast one net transaction is determined for each of said one or morebanking institutions.
 257. The method of Claim 253, wherein clients'funds are deposited and/or transferred into said client transactionaccounts by at least one method selected from the group consisting ofcheck or draft, wire or electronic transfer, ACH credit, third partycredits, and a sweep from another account.
 258. The method of Claim 253wherein clients' funds are withdrawn and/or transferred from said clienttransaction accounts by at least one method selected from the groupconsisting of drafts or checks, credit card, debit card, sweeps, wire orelectronic transfers, ACH debits, and combinations thereof.
 259. Themethod of Claim 253, further comprising a step of determining a client'spreferences for the amount of funds to be held in each of said insuredmoney market deposit accounts, and wherein funds are deposited and/ortransferred to or withdrawn and/or transferred from said insured moneymarket deposit accounts in dependence on the pre-determined clientpreferences.
 260. The method of Claim 253 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in the insured money market deposit accounts and insaid banking institutions.
 261. The method of Claim 253 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested in person.
 262. Themethod of Claim 253 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by mail.
 263. The method of Claim 253 wherein oneor more of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested by messenger. 264.The method of Claim 253 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by telephone and distributed by mail.
 265. Themethod of Claim 253 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by automated teller machine.
 266. A method formanaging a plurality of client transaction accounts for one or moreclients, wherein the client transaction account funds are held in one ormore insured money market deposit accounts, which are not NOW accounts,at one or more banking institutions, said method comprising:administering clients' deposits and/or transfers to and withdrawalsand/or transfers from each of said client transaction accounts;determining on a regular basis one or more net transactions as sums ofaggregated client deposits and/or transfers to and aggregated clientwithdrawals and/or transfers from said client transaction accounts;causing funds to be deposited and/or transferred to or withdrawn and/ortransferred from said one or more insured money market deposit accountsbased on the determination of the one or more net transactions, andwherein more than six (6) transfers and/or withdrawals are made during amonth from at least one of said insured money market deposit accounts;and updating a database, maintained on one or more computers, comprisinginformation for each client transaction account with that client'sdeposits and/or transfers to and withdrawals and/or transfers from saideach client transaction account.
 267. The method of Claim 266, furthercomprising steps of: determining whether each client's funds held in abanking institution are more than a specified amount; and distributingany amounts over said specified amount into at least one other insuredmoney market deposit account at at least one other banking institution,so that FDIC insurance coverage greater than the maximum FDIC insurancecoverage allowed for each depositor in a FDIC-insured bankinginstitution is effectively provided for each client.
 268. The method ofClaim 266 further comprising a step of distributing interest earned onat least one of said insured money market deposit accounts among saidclient transaction accounts.
 269. The method of Claim 266 wherein atleast one net transaction is determined for each of one or more bankinginstitutions.
 270. The method of Claim 266, wherein clients' funds aredeposited and/or transferred into said client transaction accounts by atleast one method selected from the group consisting of check or draft,wire or electronic transfer, ACH credit, third party credits, and asweep from another account.
 271. The method of Claim 266 whereinclients' funds are withdrawn and/or transferred from said clienttransaction accounts by at least one method selected from the groupconsisting of drafts or checks, credit card, debit card, sweeps, wire orelectronic transfers, ACH debits, and combinations thereof.
 272. Themethod of Claim 266, further comprising a step of determining a client'spreferences for the amount of funds to be held in each of said insuredmoney market deposit accounts, and wherein funds are deposited and/ortransferred to or withdrawn and/or transferred from said insured moneymarket deposit accounts in dependence on the pre-determined clientpreferences.
 273. The method of Claim 266 wherein said databasecomprises, for each client, information concerning the amount of thatclient's funds held in said insured money market deposit accounts andthe in banking institutions.
 274. The method of Claim 266 wherein one ormore of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested in person.
 275. Themethod of Claim 266 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by mail.
 276. The method of Claim 266 wherein oneor more of the transfers and/or withdrawals from at least one of saidinsured money market deposit accounts are requested by messenger. 277.The method of Claim 266 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by telephone and distributed by mail.
 278. Themethod of Claim 266 wherein one or more of the transfers and/orwithdrawals from at least one of said insured money market depositaccounts are requested by automated teller machine.
 279. A computersystem for managing a plurality of client transaction accounts for oneor more clients, wherein the client transaction account funds are heldin one or more insured money market deposit accounts, which are not NOWaccounts, at one or more banking institutions, said system comprising: adatabase comprising information for each client account; and a computerprogrammed to perform the steps of administering clients' depositsand/or transfers to and withdrawals and/or transfers from each of saidclient transaction accounts; determining on a regular basis one or morenet transactions as sums of the aggregated client deposits and/ortransfers to and aggregated client withdrawals and/or transfers fromtheir client transaction accounts; determining from the net transactionswhether to deposit and/or transfer funds to or withdraw and/or transferfunds from said one or more insured money market deposit accounts, andwherein the manner of making transfers and/or withdrawals from at leastone of said insured money market deposit accounts preserves thataccount's interest-bearing status regardless of the number of saidtransfers and/or withdrawals from at least one of said insured moneymarket deposit account actually made during a month; and updating saiddatabase with each client's deposits and/or transfers to and withdrawalsand/or transfers from said each client’s transaction account.
 280. Thesystem of Claim 279, further programmed for: determining whether eachclient's funds held in a banking institution are more than a specifiedamount; and distributing any amounts over said specified amount into atleast one other insured money market deposit account at at least oneother banking institution, so that FDIC insurance coverage greater thanthe maximum FDIC insurance coverage allowed for each depositor in aFDIC-insured banking institution is effectively provided for eachclient.
 281. The system of Claim 279 further programmed for distributinginterest earned on at least one of said insured money market depositaccounts among said client transaction accounts.
 282. The system ofClaim 279 wherein at least one net transaction is determined for each ofsaid one or more banking institutions.
 283. The system of Claim 279,wherein clients' funds are deposited and/or transferred into said clienttransaction accounts by at least one method selected from the groupconsisting of check or draft, wire or electronic transfer, ACH credit,third party credits, and a sweep from another account.
 284. The systemof Claim 279 wherein clients' funds are withdrawn and/or transferredfrom said client transaction accounts by at least one method selectedfrom the group consisting of drafts or checks, credit card, debit card,sweeps, wire or electronic transfers, ACH debits, and combinationsthereof.
 285. The system of Claim 279, further programmed fordetermining a client's preferences for the amount of funds to be held ineach of said insured money market deposit accounts, and wherein fundsare deposited and/or transferred to or withdrawn and/or transferred fromsaid insured money market deposit accounts in dependence on thepre-determined client preferences.
 286. The system of Claim 279 whereinsaid database comprises, for each client, information concerning theamount of that client's funds held in the insured money market depositaccounts and in said banking institutions.
 287. The system of Claim 279wherein one or more of the transfers and/or withdrawals from at leastone of said insured money market deposit accounts are requested inperson.
 288. The system of Claim 279 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested by mail.
 289. The system of Claim279 wherein one or more of the transfers and/or withdrawals from atleast one of said insured money market deposit accounts are requested bymessenger.
 290. The system of Claim 279 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested by telephone and distributed bymail.
 291. The system of Claim 279 wherein one or more of the transfersand/or withdrawals from at least one of said insured money marketdeposit accounts are requested by automated teller machine.
 292. Acomputer system for managing a plurality of client transaction accountsfor one or more clients, wherein the client transaction account fundsare held in one or more insured money market deposit accounts, which arenot NOW accounts, at one or more banking institutions, said systemcomprising: a database comprising information for each clienttransaction account; and a computer programmed to perform the steps ofadministering clients' deposits and/or transfers to and withdrawalsand/or transfers from each of said client transaction accounts;determining on a regular basis one or more net transactions as sums ofthe aggregated client deposits and/or transfers to and aggregated clientwithdrawals and/or transfers from their client transaction accounts;determining from the net transactions whether to deposit and/or transferfunds to or withdraw and/or transfer funds from said one or more insuredmoney market deposit accounts, and wherein more than six (6) transfersand/or withdrawals are made during a month from at least one of saidinsured money market deposit accounts; and updating said database witheach client's deposits and/or transfers to and withdrawals and/ortransfers from said each client’s transaction account.
 293. The systemof Claim 292, further programmed for: determining whether each client'sfunds held in a banking institution are more than a specified amount;and distributing any amounts over said specified amount into at leastone other insured money market deposit account at at least one otherbanking institution, so that FDIC insurance coverage greater than themaximum FDIC insurance coverage allowed for each depositor in aFDIC-insured banking institution is effectively provided for eachclient.
 294. The system of Claim 292 further programmed for distributinginterest earned on at least one of said insured money market depositaccounts among said client transaction accounts.
 295. The system ofClaim 292 wherein at least one net transaction is determined for each ofsaid one or more banking institutions.
 296. The system of Claim 292,wherein clients' funds are deposited and/or transferred into said clienttransaction accounts by at least one method selected from the groupconsisting of check or draft, wire or electronic transfer, ACH credit,third party credits, and a sweep from another account.
 297. The systemof Claim 292 wherein clients' funds are withdrawn and/or transferredfrom said client transaction accounts by at least one method selectedfrom the group consisting of drafts or checks, credit card, debit card,sweeps, wire or electronic transfers, ACH debits, and combinationsthereof.
 298. The system of Claim 292, further programmed fordetermining a client's preferences for the amount of funds to be held ineach of said insured money market deposit accounts, and wherein fundsare deposited and/or transferred to or withdrawn and/or transferred fromsaid insured money market deposit accounts in dependence on thepre-determined client preferences.
 299. The system of Claim 292 whereinsaid database comprises, for each client, information concerning theamount of that client's funds held in said insured money market depositaccounts and in said banking institutions.
 300. The system of Claim 292wherein one or more of the transfers and/or withdrawals from at leastone of said insured money market deposit accounts are requested inperson.
 301. The system of Claim 292 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested by mail.
 302. The system of Claim292 wherein one or more of the transfers and/or withdrawals from atleast one of said insured money market deposit accounts are requested bymessenger.
 303. The system of Claim 292 wherein one or more of thetransfers and/or withdrawals from at least one of said insured moneymarket deposit accounts are requested by telephone and distributed bymail.
 304. The system of Claim 292 wherein one or more of the transfersand/or withdrawals from at least one of said insured money marketdeposit accounts are requested by automated teller machine.
 305. Themethod of Claim 1, wherein said maximum FDIC insurance coverage is$100,000 for each category of legal account ownership.
 306. The systemof Claim 6, wherein said maximum FDIC insurance coverage is $100,000 foreach category of legal account ownership.
 307. The method of Claim 50,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 308. The computer system of Claim67, wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 309. The method of Claim 25,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 310. The method of Claim 53,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 311. The method of Claim 202,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 312. The method of Claim 215,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 313. The system of Claim 228,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 314. The system of Claim 241,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 315. The method of Claim 254,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 316. The method of Claim 267,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 317. The system of Claim 280,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 318. The system of Claim 293,wherein said maximum FDIC insurance coverage is $100,000 for eachcategory of legal account ownership.
 319. The method of Claim 4, whereinsaid predetermined amount is approximately $10,000.
 320. The method ofClaim 25, wherein said predetermined amount is approximately $10,000.321. The method of Claim 53, wherein said predetermined amount isapproximately $10,000.
 322. The method of Claim 84, wherein saidpredetermined amount is approximately $10,000.
 323. The system of Claim292, wherein the manner of making transfers and/or withdrawals from atleast one of said insured money market deposit accounts satisfiesrequirements of federal statute and regulation for preserving theinterest-bearing status of deposit accounts other than NOW accounts.324. The method of Claim 50, wherein the manner of making transfersand/or withdrawals from at least one of said FDIC insured andinterest-bearing deposit accounts satisfies requirements of federalstatute and regulation for preserving the interest-bearing status ofdeposit accounts other than NOW accounts.
 325. The system of Claim 67,wherein the manner of making transfers and/or withdrawals from at leastone of said FDIC insured and interest-bearing deposit accounts satisfiesrequirements of federal statute and regulation for preserving theinterest-bearing status of deposit accounts other than NOW accounts.326. The method of Claim 79, wherein the manner of making transfersand/or withdrawals from at least one of said insured andinterest-bearing deposit accounts satisfies requirements of federalstatute and regulation for preserving the interest-bearing status ofdeposit accounts other than NOW accounts.
 327. The system of Claim 93,wherein the manner of making transfers and/or withdrawals from at leastone of said insured and interest-bearing deposit accounts satisfiesrequirements of federal statute and regulation for preserving theinterest-bearing status of deposit accounts other than NOW accounts.328. The method of Claim 143, wherein the manner of making transfersand/or withdrawals from at least one of said insured money marketdeposit accounts satisfies requirements of federal statute andregulation for preserving the interest-bearing status of depositaccounts other than NOW accounts.
 329. The system of Claim 151, whereinthe manner of making transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 330. The method ofClaim 159, wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts satisfies requirements of federal statute and regulation forpreserving the interest-bearing status of deposit accounts other thanNOW accounts.
 331. The system of Claim 173, wherein the manner of makingtransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 332. The method ofClaim 201, wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts satisfies requirements of federal statute and regulation forpreserving the interest-bearing status of deposit accounts other thanNOW accounts.
 333. The method of Claim 214, wherein the manner of makingtransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 334. The system ofClaim 227, wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured interest-bearing non-demand depositaccounts satisfies requirements of federal statute and regulation forpreserving the interest-bearing status of deposit accounts other thanNOW accounts.
 335. The system of Claim 240, wherein the manner of makingtransfers and/or withdrawals from at least one of said insuredinterest-bearing non-demand deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 336. The method ofClaim 253, wherein the manner of making transfers and/or withdrawalsfrom at least one of said insured money market deposit accountssatisfies requirements of federal statute and regulation for preservingthe interest-bearing status of deposit accounts other than NOW accounts.337. The method of Claim 266, wherein the manner of making transfersand/or withdrawals from at least one of said insured money marketdeposit accounts satisfies requirements of federal statute andregulation for preserving the interest-bearing status of depositaccounts other than NOW accounts.
 338. The system of Claim 279, whereinthe manner of making transfers and/or withdrawals from at least one ofsaid insured money market deposit accounts satisfies requirements offederal statute and regulation for preserving the interest-bearingstatus of deposit accounts other than NOW accounts.
 339. A method formanaging a plurality of individual client accounts for multiple clients,comprising the steps of: maintaining funds for said individual clientaccounts in one or more FDIC-insured, interest-bearing deposit accountsat one or more banking institutions; aggregating transactions, using oneor more computers, for said individual client accounts on a regularbasis; and making needed deposits to, or needed withdrawals/transfersfrom, said one or more deposit accounts based on said aggregatedtransactions, wherein the manner of making said withdrawals/transfersfrom at least one of said one or more deposit accounts preserves saiddeposit account’s interest-bearing status regardless of the number ofsaid withdrawals/transfers made during a month.
 340. The method of Claim339, wherein one or more of said withdrawals/transfers from at least oneof said one or more deposit accounts are requested in person.
 341. Themethod of Claim 339, wherein one or more of said withdrawals/transfersfrom at least one of said one or more deposit accounts are requested bymail.
 342. The method of Claim 339, wherein one or more of saidwithdrawals/transfers from at least one of said one or more depositaccounts are requested by messenger.
 343. The method of Claim 339,wherein one or more of said withdrawals/transfers from at least one ofsaid one or more deposit accounts are requested by telephone anddistributed by mail.
 344. The method of Claim 339, wherein one or moreof said withdrawals/transfers from at least one of said one or moredeposit accounts are requested by automated teller machine.
 345. Amethod for managing a plurality of individual client accounts formultiple clients, comprising the steps of: maintaining funds for saidindividual client accounts in one or more FDIC-insured, interest-bearingdeposit accounts at one or more banking institutions; aggregatingtransactions, using one or more computers, for said individual clientaccounts on a regular basis; and making needed deposits to, or neededwithdrawals/transfers from, said one or more deposit accounts based onsaid aggregated transactions, wherein more than six (6)withdrawals/transfers are made during a month from at least one of saidone or more deposit accounts.
 346. The method of Claim 345, wherein oneor more of said withdrawals/transfers from at least one of said one ormore deposit accounts are requested in person.
 347. The method of Claim345, wherein one or more of said withdrawals/transfers from at least oneof said one or more deposit accounts are requested by mail.
 348. Themethod of Claim 345, wherein one or more of said withdrawals/transfersfrom at least one of said one or more deposit accounts are requested bymessenger.
 349. The method of Claim 345, wherein one or more of saidwithdrawals/transfers from at least one of said one or more depositaccounts are requested by telephone and distributed by mail.
 350. Themethod of Claim 345, wherein one or more of said withdrawals/transfersfrom at least one of said one or more deposit accounts are requested byautomated teller machine.
 351. A method for managing a plurality ofindividual client accounts for multiple clients, comprising the stepsof: receiving transactional data for said individual client accountsfrom an interface to said individual client accounts; aggregating saidtransactional data, using one or more computers, on a regular basis;determining needed deposits to, or needed withdrawals/transfers from,one or more FDIC-insured, interest-bearing deposit accounts at one ormore banking institutions based on said aggregated transactional data,wherein said one or more deposit accounts hold funds for said individualclient accounts; and commanding an interface to said one or more depositaccounts to make said needed deposits to, or said neededwithdrawals/transfers from, said one or more deposit accounts, whereinthe manner of making said withdrawals/transfers from at least one ofsaid one or more deposit accounts preserves said deposit account’sinterest-bearing status regardless of the number of saidwithdrawals/transfers made during a month.
 352. The method of Claim 351,wherein one or more of said withdrawals/transfers from at least one ofsaid one or more deposit accounts are requested in person.
 353. Themethod of Claim 351, wherein one or more of said withdrawals/transfersfrom at least one of said one or more deposit accounts are requested bymail.
 354. The method of Claim 351, wherein one or more of saidwithdrawals/transfers from at least one of said one or more depositaccounts are requested by messenger.
 355. The method of Claim 351,wherein one or more of said withdrawals/transfers from at least one ofsaid one or more deposit accounts are requested by telephone anddistributed by mail.
 356. The method of Claim 351, wherein one or moreof said withdrawals/transfers from at least one of said one or moredeposit accounts are requested by automated teller machine.
 357. Amethod for managing a plurality of individual client accounts formultiple clients, comprising the steps of: receiving transactional datafor said individual client accounts from an interface to said individualclient accounts; aggregating said transactional data, using one or morecomputers, on a regular basis; determining needed deposits to, or neededwithdrawals/transfers from, one or more FDIC-insured, interest-bearingdeposit accounts at one or more banking institutions based on saidaggregated transactional data, wherein said one or more deposit accountshold funds for said individual client accounts; and commanding aninterface to said one or more deposit accounts to make said neededdeposits to, or said needed withdrawals/transfers from, said one or moredeposit accounts, wherein more than six (6) withdrawals/transfers fromat least one of said one or more deposit accounts are made during amonth.
 358. The method of Claim 357, wherein one or more of saidwithdrawals/transfers from at least one of said one or more depositaccounts are requested in person.
 359. The method of Claim 357, whereinone or more of said withdrawals/transfers from at least one of said oneor more deposit accounts are requested by mail.
 360. The method of Claim357, wherein one or more of said withdrawals/transfers from at least oneof said one or more deposit accounts are requested by messenger. 361.The method of Claim 357, wherein one or more of saidwithdrawals/transfers from at least one of said one or more depositaccounts are requested by telephone and distributed by mail.
 362. Themethod of Claim 357, wherein one or more of said withdrawals/transfersfrom at least one of said one or more deposit accounts are requested byautomated teller machine.